Coloured MACD
Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScript
Forum Discription: Technical discussion related specifically to the BullScript programming language.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=735
Printed Date: 06 Apr 2025 at 3:02am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com
Topic: Coloured MACD
Posted By: lmbull
Subject: Coloured MACD
Date Posted: 29 Aug 2011 at 1:33pm
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I was wondering if it was possible to have the MACD to change colour from bar to bar ? For example in the following manner: If ([bar that just closed] >= [previous bar]) then color[bar that just closed] = blue If ([bar that just closed] < [previous bar]) then color[bar that just closed] = red This would make it easier to see a change in momentum. Eg of bars changing colour :-  |
Replies:
Posted By: maximo
Date Posted: 05 Sep 2011 at 6:26pm
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Yep Yep
{ MACD indicator with histogram } [description ="One of the simplest and most reliable indicators, MACD uses 2 moving averages.compares two moving averages of prices, with 9 day Exponential Moving average as a signal." ][target =Default; category=Moving Average; dp=4][horzline =0]n1 := input("Short moving average",12,1);n2 := input("Long moving average",26,1);ns := input("Signal periods",9,1);{Note: The true MACD is not quite a 12 & 26 exponential moving average } r1 := 2/(n1+1); r2 := 2/(n2+1); ma12 := C*r1 + previous(C)*(1-r1);ma26 := C*r2 + previous(C)*(1-r2);res := wait(ma12 - ma26,25);signal := ma(res,ns,E);[Name =MACD; color=dodger blue]res; [name =Signal; linestyle=solid; color=red]signal; histogram:=res - signal; [Name =Histogram Up; linestyle=Histogram; width=2; color=lime green]if (histogram > hist(histogram,1),histogram,undefined);[Name =Histogram Down; linestyle=Histogram; width=2; color=crimson]if (histogram <=hist(histogram,1),histogram,undefined); |
Posted By: lmbull
Date Posted: 06 Sep 2011 at 3:22am
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Thanks Maximo This will give me the model for what I want. The visual color change is easier for my eye to pickup.  |